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SM Lee Hsien Loong defends CECA, calls for integration and openness amidst political sensitivities
youtube comment:
The SEZ and RTS Link initiatives appear to be a replica of CECA and will not be a game changer or yield net benefit to Singapore. With exchange rate and skilled labour disparity so sharp, its unlikely Singapore will truly reap net benefit as a whole from SEZ and RTS Link completion. For a start, Singapore retail will be hardest hit when initial plans concretize. For local and foreign business sector, nearly half already have low cost manufacturing operations in JB, so this is really nothing new, falling way short of a game changer. Without currency harmonization, this alliance will not be a playing field of equals with JB Malaysia standing much more to gain than Singapore. PAP is out of ideas, repeating same old stance. They are using these initiatives as a PR bait to secure GE votes and hopes for a dimming economic outlook. Opposition needs to seriously prioritise and question the real "benefits" of these initiatives in the Parliament.
so now we can expect the RETAIL industry to bleed profusely to an eventual painful death, due to SEZ and RTA ya???
when the PMET/MNCs/banking industry bleeds due to CECA, did anyone in other industries (retail inclusive) jump up and down (except for those PMETs)???
let me list these prices out for you.
a full Burger king set meal. burger, fries, drink, chicken wing pairs. about MYR30.
satay. 30 sticks and 3 ketupat sets. about MYR30-40.
two plates of western food meal (chicken wings set, and a pork/chicken chop set meal) - MYR15 + MYR14
(location - areas around the meldrum hotel, jalan siu chin, jalan siu nam )
If I can go JB more frequently to get cheaper purchases, groceries, food, services and shopping at more cheap prices, why would I get a bloody fuck about the ailing retail industry here??? those coffee shops, supermarkets, mom-pop stores, hawkers here can go fuck themselves to bankruptcies!!!